#1
Who is considered the father of modern economics?
Adam Smith
ExplanationPioneer of capitalism and 'invisible hand' concept.
#2
Which economist is associated with the concept of 'invisible hand'?
Adam Smith
ExplanationProposed the idea of an 'invisible hand' guiding markets.
#3
Who is often referred to as the 'father of capitalism'?
Adam Smith
ExplanationCommonly regarded as the 'father of capitalism.'
#4
Which economist is known for his theory of supply-side economics?
Arthur Laffer
ExplanationIntroduced the 'Laffer Curve'.
#5
Who developed the theory of comparative advantage?
David Ricardo
ExplanationFormulated the concept of comparative advantage.
#6
Which economist is known for his theory of the 'Laffer Curve'?
Arthur Laffer
ExplanationDeveloped the supply-side economic concept of the 'Laffer Curve.'
#7
Which economist developed the 'Quantity Theory of Money'?
Milton Friedman
ExplanationContributed to monetary economics with the 'Quantity Theory of Money.'
#8
Who is known for the concept of 'opportunity cost'?
David Ricardo
ExplanationIntroduced the economic principle of 'opportunity cost.'
#9
Who wrote the book 'The General Theory of Employment, Interest, and Money'?
John Maynard Keynes
ExplanationKey figure in Keynesian economics.
#10
Who is the author of the book 'Das Kapital'?
Karl Marx
ExplanationAuthored 'Das Kapital' and a key figure in socialist theory.
#11
Which economist is associated with the concept of 'creative destruction'?
Joseph Schumpeter
ExplanationCoined the term 'creative destruction' in economic theory.
#12
Which economist is associated with the 'theory of the firm'?
Ronald Coase
ExplanationContributed to the theory of the firm with Coase Theorem.
#13
Who developed the 'Austrian School' of economics?
Ludwig von Mises
ExplanationKey figure in Austrian School economics.